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Rising reliance on personal income tax signals need for bolder reforms

Jul 19, 2018 13:49 pm UTC| Insights & Views Law

The Parliamentary Budget Office (PBO) has just released a report on trends in Commonwealth taxation receipts. While supporting the expectations of a budget in balance by 2019-20, it exposes worrying trends in the balance...

FxWirePro: Gold hits 1-year lows on sturdy dollar – Uphold hedges on topsy-turvy bullion market drivers

Jul 19, 2018 11:53 am UTC| Research & Analysis Insights & Views

The precious yellow metal (gold) prices today continued its bearish streaks extending a one-year low at $1,214.06 levels, as the dollar steady on Federal Reserve Chairman Jerome Powells US economic outlook reinforced...

Digital Currency Revolution

Need for macro-perspectives of regulators for global impact - eToro on CryptoCongress

Jul 19, 2018 08:42 am UTC| Research & Analysis Digital Currency Insights & Views Commentary

eToro sheds some light on two Congressional hearings on cryptocurrencies and recently announced that they have got expansion plans into the US with a crypto trading platform. Mr Guy Hirsch, US Managing Director of eToro...

Digital Currency Revolution

How does SEC go after influx of encouraging Bitcoin ETF sentiments?

Jul 19, 2018 06:38 am UTC| Research & Analysis Digital Currency Insights & Views Commentary

For the sustainable and secured performance of any asset-class, regulatory frameworks play a vital role. Well, before we deep dive into core the area of this write-up, please be noted that from BTCUSD price stability...

FxWirePro: Turkish Lira still seems vulnerable – Bid 2m USD/TRY IV skews and forward rates and hedge

Jul 18, 2018 14:18 pm UTC| Research & Analysis Insights & Views

The Turkish lira has entered another perfect storm, as shaky macro fundamentals are eroded by the bullish crude oil price, weak emerging market sentiment and the returning personal grip of President Recep Erdogan on the...

Digital Currency Revolution

Hedge Fund firm ‘Tetras Capital’ thumbs down for Ethereum but constructive on Bitcoin

Jul 18, 2018 13:14 pm UTC| Digital Currency Research & Analysis Insights & Views

The New York-based hedge fund firm, Tetras Capital seems to have perfectly timed on a bearish call on ether and opined constructively on bitcoin that has more upside potential. Please be noted that from BTCUSD price...

Blockchain Revolution Series

Digital Currency Revolution

After English Premier League club Arsenal and Lionel Messi, another footballer Drogba to promote crypto-space and blockchain

Jul 18, 2018 10:27 am UTC| Research & Analysis Fintech Digital Currency Insights & Views

Former Ivory Coast captain and Chelsea legend Didier Drogba is all set to be a brand ambassador for all.me which is a cryptocurrency platform that vows to contribute to advertising revenue with users. As the technology...

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Economy

Russia Stocks End Flat as Energy Shares Support MOEX Index

Russian stocks finished mixed after the close of trading in Moscow on Saturday, with the MOEX Russia Index ending the session unchanged at 0.00%. Market sentiment remained cautious as gains in select energy and utility...

Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts

U.S. President Donald Trump traveled to the battleground state of North Carolina on Friday to defend his economic policies and reassure voters that the U.S. economy remains on solid footing, as concerns grow ahead of a...

EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls

Ukraine welcomed a major European Union decision on Friday to provide 90 billion in financial support over the next two years, a move Kyiv says will significantly strengthen its economic resilience amid the ongoing war...

Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts

White House economic advisor Kevin Hassett said President Donald Trump is correct in claiming inflation is low, despite official data, public sentiment, and many economists suggesting otherwise. Speaking on Fox Business,...

U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness

U.S. stocks closed higher on Friday, recovering from a volatile start to the week as gains in technology and AI-related shares outweighed sharp declines in consumer stocks such as Nike. Major indexes finished in positive...

Politics

Australia Mourns Bondi Beach Hanukkah Attack Victims as Government Orders Security Review

Australia marked a national day of reflection on Sunday to honour the victims of a deadly gun attack that struck a Hanukkah celebration at Sydneys Bondi Beach a week earlier, killing 15 people and injuring dozens more. The...

Venezuela Condemns U.S. Seizure of Oil Tanker as “International Piracy”

The Venezuelan government has strongly condemned the seizure of a new oil tanker near its coast, accusing the United States of committing what it described as a serious act of international piracy. In an official statement...

Bangladesh Mourns Slain Youth Leader as Funeral Draws Thousands Amid Political Unrest

Tens of thousands of Bangladeshis gathered in Dhaka on Saturday to attend the funeral of Sharif Osman Hadi, a slain youth leader and election candidate whose killing has intensified political unrest ahead of the countrys...

U.S. Intercepts Venezuelan Oil Tanker in International Waters Amid Escalating Blockade Tensions

The United States has intercepted an oil tanker in international waters near Venezuela, intensifying tensions just days after President Donald Trump announced a total and complete blockade of sanctioned oil shipments...

Google and Apple Warn U.S. Visa Holders to Avoid International Travel Amid Lengthy Embassy Delays

Alphabets Google and Apple have advised certain employees working in the United States on temporary visas to avoid international travel, as visa stamping delays at U.S. embassies and consulates can now stretch up to 12...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties

A group of nine Republican U.S. lawmakers has formally urged the Pentagon to expand its list of Chinese companies accused of supporting Chinas military, intensifying scrutiny of Beijing-linked technology firms amid rising...

Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role

Dina Powell McCormick has resigned from Meta Platforms board of directors effective immediately, just eight months after joining the social media company, Meta confirmed on Friday. The unexpected departure comes at a time...

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

TikTok has taken a major step toward securing its future in the United States after its Chinese parent company, ByteDance, announced it has signed binding agreements with three major investors to form a new joint venture...

Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy

The U.S. government under President Donald Trump has launched a formal review that could pave the way for the first-ever shipments of Nvidias H200 artificial intelligence chips to China, according to multiple sources...

Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz

Oracle Corporation (NYSE: ORCL) shares surged sharply in extended trading on Thursday, reflecting renewed investor optimism fueled by reports of a potential U.S. TikTok transaction and fresh fundraising discussions...